CIRCULAR ECONOMY

About: 

• Objective of Resource Efficiency & Circular Economy strategy: To make recommendations for enhancing the resource-use efficiency in the Indian economy, develop indicators for monitoring progress, and create an ecosystem for minimizing environmental impacts. 
  
  
• Recommendations: The status paper brings out 30 recommendations out of which 14 recommendations have identified as priority actions. Some of these are: 
  • Formulation of a National Policy on Resource Efficiency (RE)/Circular Economy (CE), 
    
    
  • Establishment of Bureau of Resource Efficiency (BRE), 
    
    
  • Mainstreaming RE & CE in existing flagship missions, 
    
    
  • A Modern Recycling Industry with level playing between primary and secondary producers, 
    
    
  • R&D for development of scalable technologies for RE & CE, and 
    
    
  • Development and promotion of skill and capacity building programmes for informal sector.  
    
    
  
  
  
• Significance:  RE & CE is closely interlinked with climate change and implementing it would help in achieving the climate change target of limiting temperature increase to 2 degrees Celsius.